Raw Materials PX Market Optimistic Demand For Better Prices

In the last week before the Spring Festival, the cost rose by more than PTA. The price of PTA increased from 5400 yuan / ton to 5700 yuan / ton integer mark. After the Spring Festival, it continued to rise strongly, reaching 5800 yuan / ton yesterday.

The author believes that PTA will maintain a strong trend in the short term cost plus the supply and demand side and the capital side.

Therefore, the cost side, supply and demand side and capital side will continue to drive the PTA up, and it is recommended to keep the bargain buying idea. But we need to pay attention to the risks of the external market and the progress of the PTA new and old equipment in China.

CFR the price of naphtha in Japan has been rising steadily since 2016. It has been standing at the $520 / tonne pass recently. The PX price has jumped from the oscillating platform of US $800 / ton at the end of 2016, and as of January 23, 2017, the price of CFR China PX has jumped to 885 US dollars / ton from the previous trading day to 900 US / tonne, which is now approaching us $920 / ton.

Since the end of November 2016, the cost of PTA converted from PX has risen by more than 600 yuan / ton, and the rise in cost has led to a strong PTA.

In addition, the first half of this year

The market is still optimistic. The main reason is that several domestic PTA installations are expected to increase the demand for PX, and the PX device has a centralized maintenance routine in the second quarter. According to the statistics of Hua Rui petrochemical information network, this year it involves about 4 million 436 thousand tons of capacity.

Centralized maintenance will aggravate the tight supply situation of PX, raw materials PX or remain strong expectations, the middle line will continue to benefit more than PTA.

First, in the fourth quarter of 2016, the terminal textile and garment market was better, and the stock of polyester continued to decline.

In mid December, the stock of filament and short fiber enterprises fell to a low level in the middle of December, and some of them had a negative stock.

Beginning in late January, the operating rate of downstream textile enterprises has been declining, polyester sales have weakened, and polyester products stocks have picked up.

According to Zhuo Chuang information statistics, as of January 20th, the mainstream stocks of polyester POY were in 4-10 days, some in more than 10 days; the mainstream stock of polyester FDY was in 8-14 days; the mainstream stock of polyester DTY was in 10-20 days.

Secondly, during the Spring Festival, there were about 6000000 tons.

Arrangements for overhaul, repair device restart in mid 2.

Judging from the precondition of no stock pressure of polyester enterprises, the maintenance device is expected to be restarted in accordance with the plan. It is estimated that the demand for PTA downstream will be better after the Spring Festival.

According to Zhuo Chuang February 4th data, the production and sale of polyester filament is near 110%, and the higher productivity of downstream production will also help the PET plant to resume production.

Finally, most of the weaving enterprises resumed their work in the eight to the early days of the beginning of the month, and some of them were late eleven to fifteen in the first month. We can expect that the end weaving will be fully restored to normal production after the first month of fifteen.

Demand will also pick up gradually.

Therefore, from the demand side performance, this year's downstream resumption may be ideal. PTA demand will increase with the increase of polyester load. But in early February, Yisheng Ningbo PTA plant was scheduled to be overhauled. The tight supply and demand is expected to continue to be more than PTA.

To sum up, on the one hand, on the one hand, before and after the Spring Festival, the price rise of PX has led to a sharp rise in PTA prices, which has brought the cost side to the market, and the PX supply is tight. It is expected that it will continue to support the PTA price, which will have a great impact on the market. On the other hand, by the end of 2016, the polyester enterprises will have a thorough inventory and take the initiative to reduce load during the Spring Festival.

For more information, please pay attention to the world clothing shoes and hats net report.